CITY OF RICHLAND HILLS ANNUAL BUDGET FY2022-23

COMBINED BUDGET SUMMARY-ALL FUNDS

Fund Summaries

Major Governmental Funds

General Fund is the operating fund of the City. This fund is used to account for all financial resources not accounted for in other funds.

Debt Service Fund is used to account for the accumulation of financial resources for the payment of principal, interest and related costs on general long-term debt paid from taxes levied by the City.

Capital Projects Fund is used to account for the acquisition or construction of streets, facilities and other infrastructure projects being financed from general obligation bond proceeds, grants, impact fees, or transfers from other funds.

NON-MAJOR - Other Governmental Funds is a summarization of all non-major governmental funds and consists of Special Revenue funds, Richland Hills Development Corp., and Other Governmental Funds.

COMBINED SUMMARY OF REVENUES AND EXPENDITURES AND CHANGES IN FUND BALANCE

Fiscal Year 2022-23 Annual Budget (with Comparisons to 2021-22 Budget, 2020-21 & 2019-20 Actual)

*Adjustments are transfers out from fund balance